The USDCAD begins bearish correction – Analysis - 25-09-2020
Economies.com
2020-09-25 04:02AM UTC
The USDCAD pair bounced bearishly after touching the bullish channel’s resistance that appears on the chart, to settle below 1.3362 level, which hints that the price is on its way to start bearish correction that targets testing the mentioned channel’s support line that reaches 1.3220.
Therefore, the bearish bias will remain suggested for today, noting that breaching 1.3362 and holding above it again will reactivate the bullish trend scenario that its next main target located at 1.3450.
The expected trading range for today is between 1.3270 support and 1.3400 resistance.
The expected trend for today: Bearish
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